Post Office RD Scheme 2023: Deposit Rs 10,000 and Get Rs 16 Lakh Know the Complete Scheme Here

Post Office Deposit Account: Many times we do not know a good way to invest our money properly, due to which we are not able to earn profits. But if you knew about the schemes correctly, then you could not only make good profits but also get rid of many difficulties in old age.

But there is one such scheme from which you can make a lot of profit. In this post office scheme, you can get up to 16 lakh rupees by investing 10 thousand rupees. Actually this is Post Office Recurring Deposit account, which also has government guarantee along with good interest.

5.8 percent over interest

is the same as the account Fixed Deposit of the Post Office, but when you invest in it, then it gets easier over FD. Although in Fixed Deposit you have to deposit all the money at once, but in Post Office Recurring Deposit you can earn interest by investing a perfect amount every month. If you have deposited money in this account, then you will get interest around 5.8%.

This interest gets added every third month by way of compounding amount. Let us tell you that this scheme of Post Office is not linked to the market, due to which there is no risk regarding returns in it. Your money will never sink in this, you can invest your money without worry.

The post office gives you interest in the Recurring Deposit account according to compounding. It means that the more time is there, the more benefit is received. In such a situation, if you want the benefit, then try to invest in it for a longer period of time. Apart from this, you can also open an account in the Post Office by investing at least 100 rupees every month. On the other hand, if you want to deposit money for more than this, then multiply it by 10. There is no limit on the maximum amount deposited.

How did 10 thousand rupees become more than 16,00,000?

You have to invest in this scheme for 10 years. 10 thousand will have to be invested every month, that too for 10 years, that is, if you look at the calculation, then according to 10 thousand rupees every month for 10 years on Recurring Deposit, your total investment will be 12 lakh rupees. On this, you will get Rs 16,26,476 at the rate of 5.8% interest in 10 years.

If you cannot deposit 10 thousand rupees every month, then even by depositing 3000 rupees every month, you can make it more than 5 lakhs in 10 years.